Da Weekly Data Drop — #73
Bust a move and get ya groove on.
It’s time to get down with da weekly BEETS da-da-da-data!
TVL
Total TVL across both networks is sitting at $22,753,779.10 (-10.02% compared to last week)
On FTM, TVL is $7,942,341.31 (-9.64%)
On OP, TVL is $14,811,437.88 (-10.22%)
Volume
The total volume for the previous week is $27,116,211 (28.31% compared to last week)
On Fantom, volume totaled $2,607,208 (-62.82% compared to last week)
On Optimism, volume totaled $24,509,003 (+73.54% compared to last week)
Liquidity Providers
What about our BEETiful Liquidity Providers?
During the past week, Liquidity providers earned $6.57k in swap fees and $5.29k in BEETS incentives across both Fantom and Optimism.
Pool performance
Fantom
On Fantom, ‘Staked Fantom & Circle Symphony’ (sFTMx/USDC.e) has generated 30.5% of the weekly swap fees, totaling $1,041.39. This was followed by Fantom Menace on (sFTMx/wFTM) with $390.98.
Optimism
This week on OP, Gyroscope ECLP (wstETH/WETH), remains on top by pulling in the most swap fees for liquidity providers, generating a total of $910.38 for the week.
This was followed by Ethereum Triplets (wstETH/sfrxETH/rETH with $503.97.
Yield Capture
Across both chains, ‘Ethereum Triplets’ (rETH/wstETH/sfrxETH)has captured users the most Yield fees, bringing in $1,409.84 for the week. The second highest fee generator of the week is ‘Fantom Menace’ (sFTMx/wFTM) , bringing in $1,301.22.
Protocol Revenue
During the past week, the protocol generated $6,568 in Swap fees. $7,064 was generated via Yield Bearing tokens hosted on the protocol, of which, $3,056 flowed to the protocol as revenue.
In total, $5,468 flowed to the protocol as revenue.
This week, our Protocol Fee to BEETS ratio rounds out at 1.63.
So, where does all the protocol revenue flow?
Two routes.
- Gauge Bounties
- Treasury
Gauge Bounties
A portion of all Beethoven X protocol fees flows back to our #maBEETS holders as Gauge Bounties on Fantom.
Round 71 of the Gauge vote re-opens Thursday 12th September! This vote is to decide 50% of the $BEETS farm emissions for the period of 18th September to 2nd October 2024.
Check out this link to find out more:
Treasury
The remaining protocol revenue is utilized to build a sustainable Treasury to ensure longevity of Beethoven X. To ensure diversification, Beethoven holds treasury assets across 3 different chains.
Fantom
On Fantom, the DAO currently holds $784,753 in the treasury, down $68,721 compared to last week. $293,280 is held in liquid tokens whilst $491,473 is actively deployed in farming positions.
Top DAO Farming positions on Fantom
- Staked Fantom & Circle Symphony (USDC.e/sFTMx) on Beethoven X — $307,849
- Trio of Stables (USDC/axlUSDC/USDC.e) on Beethoven X — $121,495
- sFTMx/BEETS liquidity pool on Equalizer- $30,232
https://debank.com/profile/0xa1e849b1d6c2fd31c63eef7822e9e0632411ada7
Optimism
The Beethoven X DAO holds $1,355,747 in treasury assets on Optimism, down $84,785 compared to last week.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($362,545). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $842,497 is actively deployed in LP positions.
Top DAO Farming positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $420,354
- Roast BEETS (rETH/lzBEETS) ON Beethoven X — $157,372
- Native Stable Pools (USDC/USDC.e/USDT/DAI) — $137,046
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked on Aura) — $127,473
https://debank.com/profile/0x2a185c8a3c63d7bfe63ad5d950244ffe9d0a4b60
Ethereum
The Treasury also holds over $605,725 of assets on Ethereum, down $65,384 compared to last week. $201,486 are in stablecoins, although there is also $78,261 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $47,838
- veBAL pool (BAL/ETH) on Balancer — $30,288
Portfolio of 0xea06…0e26 | DeBank | The Real User Based Web3 Community
Totals
This brings the Treasury’s total holdings to $2,746,255 (down 6.82% compared to the last Data Drop)
($2,219,732 not including BEETS and OP tokens)
sFTMx
On the 15th of February 2024, the Beethoven X DAO officially took ownership of Fantom’s no.1 Liquid-staking Token, sFTMx. Since then, 24,234,114 FTM has been deposited into the protocol with 8,439,440 FTM in withdrawals.
Currently, 21,816,952 FTM is staked (2.11% compared to last Data Drop), with 491,297 FTM in the free pool. This brings the total to 22,308,249 FTM (2.25% compared to the last Data Drop), with an overall value of $8,589,836.
This week, the protocol has generated 2,264 FTM in revenue. This is split predominantly between maBEETS holders and the sFTMx Coalition participants, with the remaining distributed to Stader and the BEETS DAO treasury.
https://beethovenxio.medium.com/the-yield-bearing-masterpiece-sftmx-50af069de6c2
Outro
We’re Beetin’ N Bustin’ — did you groove to the data? Sweet! Until next week, Maestros.
You can keep up to date/interact in real-time with the two analytic platforms below:
Love as always,
Beethoven X
